Citizens & Northern Co. (NASDAQ:CZNC) Plans $0.28 Quarterly Dividend

Citizens & Northern Co. (NASDAQ:CZNC - Get Free Report) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Shareholders of record on Monday, October 28th will be paid a dividend of 0.28 per share by the financial services provider on Friday, November 8th. This represents a $1.12 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date is Monday, October 28th.

Citizens & Northern has increased its dividend by an average of 1.2% per year over the last three years. Citizens & Northern has a payout ratio of 62.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Citizens & Northern to earn $1.80 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 62.2%.

Citizens & Northern Trading Down 3.7 %

Shares of Citizens & Northern stock traded down $0.75 during trading on Friday, reaching $19.33. The company's stock had a trading volume of 17,188 shares, compared to its average volume of 24,496. The company has a market cap of $297.22 million, a price-to-earnings ratio of 12.72 and a beta of 0.45. The firm's 50-day moving average is $19.39 and its two-hundred day moving average is $18.47. Citizens & Northern has a 52-week low of $16.50 and a 52-week high of $23.50. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.86.

Citizens & Northern (NASDAQ:CZNC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.03. The firm had revenue of $27.50 million for the quarter, compared to analysts' expectations of $26.90 million. Citizens & Northern had a return on equity of 9.06% and a net margin of 15.75%. On average, sell-side analysts anticipate that Citizens & Northern will post 1.66 earnings per share for the current year.

Citizens & Northern Company Profile

Citizens & Northern Corporation operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers. Its deposit products include various types of checking accounts, passbook and statement savings, money market accounts, interest checking accounts, and individual retirement accounts, as well as certificates of deposit; and lending products, including commercial, mortgage, and consumer loans, as well as specialized instruments, such as commercial letters-of-credit.